Nov. 13 at 1:29 AM
$FOX: The current market context indicates a strong bullish sentiment, with the last close at
$59.89 and an RSI of 81.73, suggesting that the stock is overbought. The price is above both the 30-day MA (55.02) and the 50-day MA (54.82), reinforcing the bullish trend. However, the high of
$60.72 within the last 60 days indicates potential resistance, while the low of
$50.31 shows a significant support level.
Directional bias leans bullish, but caution is warranted due to the high RSI, which may lead to a pullback. Suggested entry is at
$59.50, just below the last close, to capture a potential breakout. Set a stop-loss at
$57.50 to manage risk. Targets are set at
$61.00 (first target) and
$62.50 (second target), taking advantage of the recent high and potential continuation of the bullish trend.
For further insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
